Post by huym84279 on Jan 12, 2024 20:56:00 GMT -8
About 70% of these people do not have emergency funds. Or can stay no more than 1-3 months if an unexpected event occurs causing a loss of income (such as illness, leaving work), reflecting the financial fragility of the household in supporting unexpected factors in the future. (3) Behavior Debt repayment among low-income people is not very good. More than half have the habit of paying only the minimum amount of debt. or not paying the debt in full or sometimes default on debt payments. In addition, low-income people view their debt situation as likely to worsen rather than improve over the next one year.
SCB EIC estimates that households with income less than 15,000 baht per Consumer Mobile Number Database month will still face the problem of not having enough income to cover expenses for more than 3 years. Especially households with income less than 7,000 baht per month will face this problem continuously for even longer than that. It is a sign that lower-end households are still fragile and likely to remain in debt for a long time. Sends a signal that household Preparatory policy is therefore necessary for the recovery of incomes of Thai people and the Thai economy thoroughly.
SCB EIC is looking for the Thai economy to grow sustainably. And there is a level of economic potential that has returned to rise again. A short-term policy package is needed to help vulnerable groups who are yet to recover. along with a set of long-term policies to increase Thai people's immunity and prevent a return to debt. Short-term policies to reduce living costs and enhance liquidity to help low-income groups that are still vulnerable (Targeted) are necessary in order to be able to have a quality of life and overcome the impact of this crisis. This is a social dimension in addition to the economic value dimension as well as cooperation between the government and creditors in the system. in providing debt counseling to debtors appropriately
SCB EIC estimates that households with income less than 15,000 baht per Consumer Mobile Number Database month will still face the problem of not having enough income to cover expenses for more than 3 years. Especially households with income less than 7,000 baht per month will face this problem continuously for even longer than that. It is a sign that lower-end households are still fragile and likely to remain in debt for a long time. Sends a signal that household Preparatory policy is therefore necessary for the recovery of incomes of Thai people and the Thai economy thoroughly.
SCB EIC is looking for the Thai economy to grow sustainably. And there is a level of economic potential that has returned to rise again. A short-term policy package is needed to help vulnerable groups who are yet to recover. along with a set of long-term policies to increase Thai people's immunity and prevent a return to debt. Short-term policies to reduce living costs and enhance liquidity to help low-income groups that are still vulnerable (Targeted) are necessary in order to be able to have a quality of life and overcome the impact of this crisis. This is a social dimension in addition to the economic value dimension as well as cooperation between the government and creditors in the system. in providing debt counseling to debtors appropriately